Customer Quote by Anonymous
““I GOT A PHONE CALL ONE DAY FROM A FRIEND WHO HAD RECENTLY opened an Indian jewelry store in Arizona. She was giddy with a curious piece of news. Something fascinating had just happened, and she thought that, as a psychologist, I might be able to explain it to her. The story involved a certain allotment of turquoise jewelry she had been having trouble selling. It was the peak of the tourist season, the store was unusually full of customers, the turquoise pieces were of good quality for the prices she was asking; yet they had not sold. My friend had attempted a couple of standard sales tricks to get them moving. She tried calling attention to them by shifting their location to a more central display area; no luck. She even told her sales staff to "push" the items hard, again without success. Finally, the night before leaving on an out-of-town buying trip, she scribbled an exasperated note to her head saleswoman, "Everything in this display case, price x %," hoping just to be rid of the offending pieces, even if at a loss. When she returned a few days later, she was not surprised to find that every article had been sold. She was shocked, though, to discover that, because the employee had read the "%" in her scrawled message as a "2," the entire allotment had sold out at twice the original price! That's””
About This Quote
Source Story: Personal anecdote, 2024
A misread symbol on a price tag led to a dramatic price increase and rapid sales, illustrating how perception errors can create unexpected outcomes.
In simple terms: A typo caused a price hike and sold out the stock.
Check details before acting on them.
Themes
Mood
Type
When to use this quote
- retail pricing
- inventory management
- marketing strategies
Key Concepts
Questions to Reflect On
- How might you verify information?
- What other errors could affect sales?
Reliance on assumptions can backfire.